Arif Habib to divest from asset management firm.

KARACHI -- Arif Habib Corporation Ltd is selling its entire shareholding in MCB-Arif Habib Savings and Investments Ltd, a listed joint-venture with MCB Bank that operates pension and mutual funds.

The conglomerate told its shareholders on Tuesday it'll sell its 21.6 million shares, which constitutes 30.09 per cent shareholding in the asset management company, to MCB Bank at Rs30 apiece.

The transaction will generate...

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